CHOY, Circuit Judge:
Appellants Morris Herring et al. ("the shareholders") appeal the summary judgment in favor of the Federal Deposit Insurance Corporation ("FDIC") in their independent action to set aside a state-court judgment for fraud on the court. We affirm.
I. Factual and Procedural Background
In September 1981, the Arizona Superintendent of Banks placed Southwestern Bank ("Southwestern") in receivership. On May 1, 1990, the FDIC as court...
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